{"slug":"nvda-earnings-may-2023-ai-boom","qid":"trillion_receipt","label":"The trillion-dollar crossing, receipted: first touch and first close above $404.86","post_title":"NVDA's May 2023 Earnings: The AI Gap","post_url":"/blog/nvda-earnings-may-2023-ai-boom#q-trillion_receipt","columns":["overnight_cap_added_bn","first_touch_session","first_touch_high","first_touch_close","sessions_to_first_touch","first_close_session","first_close_usd","sessions_to_first_close","first_close_cum_pct"],"rows":[{"overnight_cap_added_bn":197,"first_touch_session":"2023-05-30","first_touch_high":419.38,"first_touch_close":401.13,"sessions_to_first_touch":3,"first_close_session":"2023-06-13","first_close_usd":410.23,"sessions_to_first_close":13,"first_close_cum_pct":34.3}],"shape":"scalar","sql":"WITH\n    daily AS (\n        SELECT\n            toDate(toTimeZone(window_start, 'America/New_York')) AS et_date,\n            argMaxIf(toFloat64(close), window_start, (toHour(toTimeZone(window_start, 'America/New_York')) * 60 + toMinute(toTimeZone(window_start, 'America/New_York'))) BETWEEN 570 AND 959) AS rth_close,\n            maxIf(toFloat64(high), (toHour(toTimeZone(window_start, 'America/New_York')) * 60 + toMinute(toTimeZone(window_start, 'America/New_York'))) BETWEEN 570 AND 959) AS rth_high\n        FROM global_markets.delayed_stocks_minute_aggs\n        WHERE ticker = 'NVDA'\n          AND window_start >= toDateTime('2023-05-24 00:00:00') AND window_start < toDateTime('2023-06-20 00:00:00')\n        GROUP BY et_date\n    ),\n    firsts AS (\n        SELECT\n            minIf(et_date, rth_high >= 404.86) AS ft,\n            minIf(et_date, rth_close >= 404.86) AS fc\n        FROM daily\n    ),\n    (SELECT any(rth_close) FROM daily WHERE et_date = toDate('2023-05-24')) AS pre_close,\n    (\n        SELECT argMinIf(toFloat64(open), window_start, (toHour(toTimeZone(window_start, 'America/New_York')) * 60 + toMinute(toTimeZone(window_start, 'America/New_York'))) BETWEEN 570 AND 959)\n        FROM global_markets.delayed_stocks_minute_aggs\n        WHERE ticker = 'NVDA'\n          AND window_start >= toDateTime('2023-05-25 04:00:00') AND window_start < toDateTime('2023-05-26 00:00:00')\n    ) AS may25_open\nSELECT\n    round((may25_open - pre_close) * 2.47, 0) AS overnight_cap_added_bn,\n    toString(any(f.ft)) AS first_touch_session,\n    round(anyIf(d.rth_high, d.et_date = f.ft), 2) AS first_touch_high,\n    round(anyIf(d.rth_close, d.et_date = f.ft), 2) AS first_touch_close,\n    countIf(d.et_date > toDate('2023-05-24') AND d.et_date <= f.ft) AS sessions_to_first_touch,\n    toString(any(f.fc)) AS first_close_session,\n    round(anyIf(d.rth_close, d.et_date = f.fc), 2) AS first_close_usd,\n    countIf(d.et_date > toDate('2023-05-24') AND d.et_date <= f.fc) AS sessions_to_first_close,\n    round((anyIf(d.rth_close, d.et_date = f.fc) / pre_close - 1) * 100, 1) AS first_close_cum_pct\nFROM daily AS d\nCROSS JOIN firsts AS f","computed_at":"2026-07-26T06:09:54.412742+00:00","elapsed":0.233396401}